PowerShares QQQ (NasdaqGM: QQQ) briefly moved into the green late Wednesday after an earlier pullback thanks to strength in top holdings Intel (NasdaqGS: INTC) and Microsoft (NasdaqGS: MSFT).
Microsoft was up more than 1% in the last hour of trading, while Intel added nearly 2%.
The stocks are top holdings in the tech-heavy exchange traded fund (ETF), which tracks the 100 largest non-financial stocks listed on the Nasdaq.
The Nasdaq-100 was holding up better than other stock indicators such as the Dow Jones Industrial Average and S&P 500 in Wednesday’s soft market.
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